Forex.com vs XM: which broker is better in 2026?
We compare Forex.com and XM — two forex & CFD brokers — side by side across regulation, fees, platforms, minimum deposit, and our editorial scores. Based on our overall editorial score, Forex.com edges ahead (3.8/5), but the right choice depends on what matters most to you — check the breakdown below.
Side-by-side comparison
CriteriaForex.comXM
Overall score 3.8 3.6
Regulation & safety 4.0 3.0
Fees & deposit 3.5 3.5
Platform & assets 4.0 4.0
User support 3.5 4.0
Trust score76/10069/100
Minimum depositVaries by account type — check the official siteVaries by account type — check the official site
Demo accountAvailableAvailable
PlatformsProprietary web/desktop platform, MetaTrader 4, MetaTrader 5, TradingView (integrated), Mobile appMetaTrader 4, MetaTrader 5, XM app
Fee modelSpread model or spread + commission (RAW/Commission account) — varies per region/account; exact figures not yet verifiedStandard / ultra-low spread; figures vary
Pros & cons
- Backed by StoneX Group (US public company Nasdaq: SNEX) + a strict US market license
- Full platform selection: proprietary + MT4/MT5 + TradingView
- Broad instrument coverage & established liquidity
- Fees/spreads aren't always the cheapest compared to raw ECN brokers
- Product availability differs per entity/region
- Leveraged products are high-risk
- Very large client base, strong multilingual education & support
- MT4/MT5 + many instruments
- CySEC license for the EU entity
- Many retail clients via the offshore entity (Belize) — weaker protection
- Standard spread is not the cheapest
- Leverage is high-risk
Regulation at a glance
Forex.com
Part of StoneX Group, a US public company (Nasdaq: SNEX). Entities regulated by NFA/CFTC (US), FCA (UK), ASIC (Australia), IIROC (Canada), and others per region.
XM
Trading Point group — regulated by CySEC (Cyprus), ASIC (historically), DFSA (Dubai), FSC (Belize), FSCA (South Africa). Many retail clients via the offshore entity (Belize).